ERSEL S.P.A.

ERSEL S.P.A. is an Italian wealth management and private banking group that serves high‑net‑worth individuals, families, entrepreneurs, and institutional clients through regulated entities in Italy and Luxembourg. Its services cover discretionary portfolio management, investment advisory, and the management of UCITS/AIF products, with distribution in Italy and cross‑border via Luxembourg vehicles. Activities in Italy are subject to Bank of Italy and Consob oversight, while Luxembourg operations fall under the CSSF. Portfolios are implemented using a mix of proprietary funds and third‑party instruments; asset custody and depositary roles are performed by appointed banks in line with regulation, with client assets held segregated from the firm’s own. Client onboarding follows MiFID II and anti‑money‑laundering requirements, including categorization and suitability or appropriateness assessments. Pricing generally combines mandate or advisory fees at the portfolio level with management and, where applicable, performance fees at the fund level; full cost details are provided in prospectuses, KIDs/KIIDs, and pre‑/post‑trade disclosures. Minimum investment levels align with private banking rather than mass‑market retail, and day‑to‑day payment services or lending, where available, typically rely on partner institutions. Reporting includes periodic statements and standardized risk and performance metrics. Investor protection depends on the specific entity and product selected and is not the same as deposit insurance. Use of in‑house products can create conflicts of interest that are addressed through regulatory disclosure and governance processes. Access is generally through offices in major Italian financial centers and through cross‑border arrangements within the EU where permitted. Past performance of funds and mandates varies by strategy and period and does not predict future results.